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Results of AGM
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
(“Kibo” or “the Company”)
14 December 2020
Kibo Energy PLC (‘Kibo’ or the ‘Company’)
Results of AGM
Kibo Energy PLC (AIM: KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company,
announces the results of voting at an Annual General Meeting (“AGM”) held today. Proxies were
received by shareholders holding approximately 27% of the shares in Kibo (2,221,640,835
shares issued and outstanding). All resolutions were carried.
The proxy voting details at the AGM are shown on the table below: -
Res. # Summary Resolution Votes For & Votes Votes
Discretion Against Withheld
No. % No. % No. %
1. To receive, consider and adopt
the accounts for the year ended 31
599,763,287 99.47 3,167,371 0.53 0 0
December 2019 and the Directors
and Auditors Reports thereon.
2. To authorise the Directors to fix
the remuneration of the auditors. 599,743,109 99.47 3,187,549 0.53 0 0
3. To re-elect Mr Louis Coetzee as
496,715,073 82.38 106,215,585 17.62 0 0
a Director
4. To re-elect Mr Andreas Lianos 17.61
as a Director. 496,725,073 82.39 106,205,585 0 0
5. To re-elect Mr Christiaan
564,865,073 93.69 38,065,585 6.31 0 0
Schutte as a Director.
6. That the Directors be and are
hereby generally and
unconditionally authorised to
599,178,893 99.38 3,751,765 0.62 0 0
exercise all powers of the
Company to allot relevant
securities.
7. That the Directors be and are
hereby empowered pursuant to
Section 1023(3) of the 599,178,893 99.38 3,751,765 0.62 0 0
Companies Act, 2014 to allot
equity securities.
**ENDS**
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
Andreas Lianos +27 (0) 83 4408365 River Group JSE Corporate and Designated Adviser
Thomas Smith +44 (0) 20 7392 1494 ETX Capital Limited Broker
Bhavesh Patel /
Stephen Allen +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM
Isabel de Salis / +44 (0) 20 7236 1177 St Brides Partners Investor and Media Relations Adviser
Beth Melluish Ltd
Notes
Kibo Energy PLC is a multi-asset, Africa and UK focused, energy company positioned to address the
acute power deficit, which is one of the primary impediments to economic development in Sub-Saharan
Africa. To this end, it is the Company's objective to become a leading independent power producer in
the region.
Kibo is simultaneously developing three similar coal-fueled power projects: the Mbeya Coal to Power
Project ('MCPP') in Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in Botswana;
and the Benga Independent Power Project ('BIPP') in Mozambique. By developing these projects in
parallel, the Company intends to leverage considerable economies of scale and timing in respect of
strategic partnerships, procurement, equipment, human capital, execution capability / capacity and
project finance.
Additionally, the Company has a 60% interest in MAST Energy Projects Limited ('MED') (Previously
Mast Energy Developments LTD), a private UK registered company targeting the development and
operation of flexible power plants to service the UK Reserve Power generation market.
Johannesburg
14 December 2020
Corporate and Designated Adviser
River Group
Date: 14-12-2020 02:40:00
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